what will be the value of 200 dollars after 2 years if the interest rate is 5%?
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Answer:
Final value is = 220 in two years.
Given :
1) value of 200 dollers after 2 years if the interest rate is 5 %?
To Find or Do:
1) what will be the final value in after adding 5% of interest.
Step-by-step explanation:
1) Money is = 200 dollers.
2) Time is = 2 years .
3) Interest present is = 5%.
In first years ,200÷ 100=$2.
In second years ,200÷100= $2.
since each years was get =$10.
Therefore two years was get = $ 20.
Hence final value is = 220.
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